$PRT Announces a Strategic Alliance With Honeywell Aerospace Drones are the future of labour efficiency, cost savings, and safety. $PRT is a company focused on bringing high-grade drone technology to companies in numerous industries. (Petrochemical inspection, environmental surveying, and of course, security)
Recent news releases have shown a significant increase in interest from companies. For example, they’ve delivered drones to Saudi Arabia, Swiss University, and Aardvark, which means that revenues should see significant growth compared to the last report.
Plus, $PRT just announced a strategic alliance with Honeywell Aerospace to “advance satellite communications for the control of avionics and sensory modules for extended Beyond Visual Line of Sight (BVLOS) distances.” To put it in perspective, Honeywell’s aerospace division is responsible for around 30% of Honeywell's total revenues ($10B with $2B profit). This should help grow the relationship between the two companies and further provide future opportunities to improve revenues for both parties.
https://twitter.com/plyrotech/status/1456161066765934596?s=21
Considering recent SP growth and company developments, a $24M market cap is relatively undervalued. I'll be keeping a close eye on the company here.